Court of Appeals for the Tenth Circuit February 16, 1983, 80-2278 (The Navajo Tribe v. The Bank of New Mexico, a New Mexico Corporation)

BOHANON, District Judge.

FACTS

Early in 1972 the Navajo Tribe (hereinafter referred to as Tribe) established the

Navajo Housing and Development Enterprise

(hereinafter referred to as NHDE) in conformity with tribal law. In March, 1974, the Bank of New Mexico loaned $300,000.00 to NHDE. Again in December, 1975, the bank loaned NHDE $32,027.78.